CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Euro - Dollar Analysis

US Session Analysis for CFD Instruments 24/07/2023

Fundamental analysis

24 July, 2023

The EURUSD pair is trading lower today. It is currently trading at 1.1086. France reported Services PMI for July printed 47.4 vs 48.4 expected. German Services PMI for July printed 52.0 vs 53.1 expected. The Eurozone printed Service PMI for July at 51.1. The consensus was 51.5. Manufacturing PMI for July in France was reported at 44.5 vs 46.0 expected, German Manufacturing PMI for July was reported at 38.8 vs 41.0 expected. Eurozone Manufacturing PMI for July printed 42.7 vs 43.5 expected. The United States will report the S&P Global US Service PMI for July later today.

Technical analysis

Euro - Dollar Analysis Technical analysis 24/07/2023
Time Frame: 1 hour

EURUSD Support & Resistance Table - 24/07/2023

Support & Resistance Level Explanation
Resistance 2 1.1134 Daily R2
Resistance 1 1.1114 Daily R1
Support 1 1.1062 Daily S1
Support 2 1.1042 Daily S2

EURUSD Indicator Table - 24/07/2023

Indicator Signal
SMA 20 Sell
SMA 50 Sell
SMA 100 Buy
MACD( 12;26;9) Sell
RSI (14) Neutral
Stochastic ( 9;6;3) Sell

EURUSD Indicator / Period Table - 24/07/2023

Indicator / Period Day - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Sell BuySell
RSI (14) Neutral BuyNeutral
SMA 20 Sell BuyBuy

EURUSD 24/07/2023 - Reference Price : 1.1089

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (0)Sell (2)
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Euro - US Dollar Chart
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